Did you fall for a flashy sales pitch and buy high-priced car insurance? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Many insurance companies compete to insure your vehicles, so it can be very hard to choose a insurance company to find the absolute lowest rate possible.
It’s a great practice to take a look at other company’s rates once or twice a year because insurance rates change quite often. Just because you had the lowest rates a few years ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about car insurance on the internet, so I’m going to show you some proven techniques to reduce your car insurance bill.
It’s important that you understand some of the elements that go into determining car insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that may reward you with big savings.
Companies offering auto insurance do not advertise all their discounts very clearly, so we researched both the well known and also the lesser-known savings tricks you should be using. If you’re not getting every credit possible, you are throwing money away.
Keep in mind that some of the credits will not apply to the entire cost. A few only apply to individual premiums such as comp or med pay. Just because it seems like you can get free auto insurance, it just doesn’t work that way.
For a list of insurance companies with the best car insurance discounts in Texas, click here to view.
A small number of people prefer to get advice from a local agent and there is nothing wrong with that. Professional agents can help determine the best coverages and help file insurance claims. The best thing about price shopping on the web is you can get better rates and still choose a local agent.
For easy comparison, once you complete this form (opens in new window), your insurance data is emailed to participating agents in Austin who will give you bids for your insurance coverage. You won’t need to leave your house due to the fact that quote results will go straight to your inbox. How’s that for easy!
Choosing an provider requires more thought than just a cheap price. Ask your prospective agent these questions:
If you wish to contact a specific insurance agent in Austin, view this link.
Once you have positive responses to your questions and a good coverage price, chances are good that you have found an insurance company that meets your needs to provide car insurance coverage.
Consumers in Texas constantly see and hear ads for the lowest price auto insurance by companies like State Farm, GEICO and Progressive. They all make an identical promise that you can save after switching to them.
How do they all claim to save you money?
Different companies have a preferred profile for the type of driver that earns them a profit. An example of a preferred risk might be over the age of 40, owns a home, and has a high credit rating. Any new insured who matches those parameters gets the lowest rates and as a result will probably pay quite a bit less when switching companies.
Potential insureds who are not a match for the requirements will have to pay more money which usually ends up with business not being written. The ads say “people who switch” not “people who quote” save money. That’s why companies can claim big savings. Because of the profiling, it’s extremely important to quote coverage with many companies. It’s impossible to know which company will fit your personal profile best.
Even more information is available at the Texas Department of Insurance website. Texas consumers can find out industry alerts, file complaints about a company, view a list of available companies, and learn about specific coverages.
As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice full coverage only to find out that they should have had better coverage. The proper strategy is to get the best coverage possible at a price you can afford, not the least amount of coverage.
Lower-priced car insurance can be bought from both online companies in addition to many Austin insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some companies do not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.